Ballestas GroupJun 16, 20231 minChina's Central Bank Cuts Rates to Boost Post-COVID RecoveryThis week, the market was focused on the CPI reading for May and the Fed's benchmark rate decision. The consumer price index cooled,...
Ballestas GroupJun 9, 20231 minSaudi Arabia Slashed Oil Production Further in Anticipation of Sluggish Global Growth Until the last week, the anticipation in the market was that the Federal Reserve would not increase rates in the upcoming FOMC meeting in...
Ballestas GroupJun 2, 20231 minDebt Ceiling Approved, Job Market ThrivesThe bill, which was agreed upon over the weekend between the White House and Speaker of the House Kevin McCarthy, to prevent reaching the...
Ballestas GroupMay 30, 20231 minRising Inflation and Impending Debt CrisisThe personal consumption expenditure (PCE) price index, the US Federal Reserve's preferred inflation gauge, rose 4.7% year-on-year in...